Financing the Future
- Jan 28, 2019 11:24 pm GMT
How Bangladesh is utilizing investment from multiple international financial institutions to build one of the world’s most efficient and reliable transmission power grids.
Some people may remember when George Harrison and Bob Dylan played the “Concert for Bangladesh” to fund relief efforts following the Bangladesh liberation war in 1971. Today however, Bangladesh's economy has grown roughly 6% per year since 2005, and its GDP real growth rate is now ranked 13th in the world. With a labor force of over 66 million people and exports totaling over $35 billion dollars, Bangladesh’s aging infrastructure and available power supply continues to be among the country’s top economic growth challenges. More recently, the arrival of over 700,000 refugees from Burma have exacerbated these issues and made the need for swift and effective change quite clear. Like the rest of the developing world, if Bangladesh wants to continue to grow and expand economically, having a reliable and sufficient means to power is absolutely paramount. Initiatives like “India Vision 2020” all over the world continue to highlight the necessity of reliable power to any country’s economic development.
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